NMI Holdings, Inc. (NASDAQ:NMIH) Receives $43.43 Consensus Target Price from Analysts

Shares of NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $43.43.

Several equities analysts recently commented on NMIH shares. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $37.00 to $40.00 and gave the company a "market perform" rating in a research report on Thursday, August 1st. Truist Financial upped their price objective on shares of NMI from $37.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of NMI from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $40.00 to $48.00 in a research report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price objective on NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Finally, Barclays raised their target price on NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th.

Insiders Place Their Bets

In related news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now directly owns 153,689 shares in the company, valued at approximately $6,158,318.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NMI

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMIH. GAMMA Investing LLC grew its holdings in shares of NMI by 57.2% in the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 265 shares during the period. Hancock Whitney Corp raised its position in shares of NMI by 1.6% during the 1st quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider's stock valued at $715,000 after buying an additional 346 shares during the period. Quarry LP lifted its holdings in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 493 shares during the last quarter. Federated Hermes Inc. grew its position in NMI by 1.8% in the second quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider's stock worth $1,143,000 after acquiring an additional 593 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in NMI by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider's stock worth $255,000 after acquiring an additional 666 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Stock Down 1.3 %

NMIH traded down $0.49 on Thursday, hitting $38.68. The company had a trading volume of 365,834 shares, compared to its average volume of 528,849. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 0.88 and a beta of 1.12. The stock has a fifty day moving average price of $40.53 and a 200-day moving average price of $36.47. NMI has a 12-month low of $26.91 and a 12-month high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.15. The firm had revenue of $162.12 million during the quarter, compared to analysts' expectations of $138.49 million. NMI had a return on equity of 18.29% and a net margin of 56.40%. The business's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. Analysts predict that NMI will post 4.5 EPS for the current fiscal year.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.